Premium domain names are domain names which the registry has deemed to command a higher price.
In this case, the registry will command a higher price for the domain name and will specify the exact rate during the ordering process.

The renewal can be done from ovh.ie or from the Control Panel via the "my products" section.
If the domain name is not renewed in time, it will be in the redemption period
(30 days)
during which the owner will have the possibility to reactivate it
by making a request to support.
Once the redemption period has expired, the domain name will be definitely deleted and will be available again.